• Category Strata Office
  • Type For Sale
  • Level 6
  • Area m2 46 m2
  • Sale Price (psm) (+GST) $13,479
  • Sale Price (+GST) $620,000

Location

This Iconic Commercial Strata building is situated on the Eastern side of Pitt Street between Market and Park Streets in the revitalised Midtown Precinct of the Sydney CBD. This building is only fifty metres walk to Pitt Street Mall, some hundred metres to Town Hall Rail Station and adjacent to the almost completed 800 million office tower and retail piazza on Pitt Street. The property is opposite the newly refurbished Hilton Hotel.


Description

The National Building, as it was formerly known, at 250 Pitt Street, in the form of a twelve storey reinforced concrete framed Commercial Palazzo style building demonstrates the principal characteristics of its type and period at a local level. The building has, from its beginnings, accommodated small businesses in the jewellery and clothing industries who have established a continous thread of occupancy. Jewellers and gem setters are highly represented within the building. The property was refurbished and strata titled in 2004 and is serviced with two passenger lifts


Premises

This suite comprises a fitted out boutique office overlooking Pitt Street which has abundant natural.


Investment Details

The property is leased for 3 years from May 2017 for 3 years at $33,350p.a. gross. Annual outgoings are $5,300p.a. (subject to confirmation).


Comments

Prime sydney CBD commercial strata office with security of tenancy.

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